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Pyramid Scoops Up Gaming Company Aurona

Pyramid Saimira continues to play in the merges and acquisitions pool, this time buying a majority stake in the U.K. gaming company, Aurona Technologies. While there are no details as to the amount Pyramid spent, VC Circle reports it was an all cash deal. At first glance, Aurona Technologies may not…

Pacific Equity Partner Acquires Hoyts Cinemas

Australian exhibitor Hoyts has been sold to Pacific Equity Partner in a defeat to India’s Pyramid Saimira Theatre, which had pursued the deal aggressively. James Packer’s Publishing & Broadcasting Ltd. and West Australian Newspapers Holdings Ltd. are reported to have sold Hoyts Austr…

India is becoming multiplex capital of the world

For a country that produces more films than Hollywood and sells more tickets each year than the US, you would think that India had a lot of cinemas. It doesn’t. Rather shockingly it is one of the most under-screened countries in the whole world. Whereas in the US there are 177 screens per mill…
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